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Former researcher files $2 billion damages suit against KT&G over unrewarded e-cigarette invention

A former researcher at KT&G, the leading tobacco company in Korea, filed a damages suit Wednesday against his former employer, claiming that he invented the world's first electronic cigarette while working for the firm, but was not properly rewarded.

Daejeon , Taejon-gwangyoksi , South-korea , Korea , Kawk-dae-geun , Kang-myung-gu , Kwak-dae-geun , Yonhap-kwak-dae-geun , Tobacco-research-institute , Daejeon-district-court , Jaeyou-lawfirm

Korea's dominant cigarette maker KT&G shareholders approve Bang Kyung-man as new CEO

KT&G, Korea's dominant cigarette maker, on Thursday appointed Senior Executive Vice President Bang Kyung-man as its new chief executive after shareholders endorsed his nomination at an annual meeting.

South-korea , Korea , Industrial-bank , National-pension-fund , Bang-kyung-man , Senior-executive-vice-president-bang-kyung-man , Sohn-dong-hwan , Board-member , Stake , Kt-g , Cigarette

KT&G shareholders approve CEO nominee despite opposition from IBK, FCP

KT&G succeeded in appointing Senior Executive Vice President Bang Kyung-man as its new CEO, Thursday, overcoming opposition from the Industrial Bank of Korea (IBK), its largest shareholder, and the activist fund Flashlight Capital Partners (FCP), as well as from Institutional Shareholder Services, the world’s leading proxy adviser.

South-korea , Daejeon , Taejon-gwangyoksi , Korea , Institutional-shareholder-services , National-pension-service , Human-resources-development-center , Industrial-bank , Sungkyunkwan-university-law-school , Bang-kyung-man , Senior-executive-vice-president-bang-kyung-man

KT&G to build tobacco factory in Kazakhstan

KT&G has launched construction of a new factory in Kazakhstan to expand its market in Eurasia, Korea's largest tobacco company said Thursday.

Kazakhstan , Almaty , Almaty-qalasy , Gwangju , Kwangju-gwangyoksi , South-korea , Daejeon-sintanjin , Indonesian-ministry-of-investment , Baek-bok-in , Almaty-province-marat-sultangaziyev , Korean-consul-general , Almaty-park-nae-cheon

KT&G receives highest credit rating of AAA

Tobacco and ginseng products maker KT&G received the highest credit rating of AAA from three major domestic rating agencies. That rating excludes financial and telecommunications companies. Korea Ratings, Korea Credit Rating and NICE Credit Rating announced the AAA rating, Sunday. Among private non-financial and non-telecommunications companies in Korea, KT&G is the sole entity to receive an AAA credit rating.

Daejeon , Taejon-gwangyoksi , South-korea , Korea , Korea-credit-rating , Kt-g , Redit , Orea , Outh-korea , He-korea-times , Orea-times

KT&G triumphs over activist funds

Korea Tobacco & Ginseng Corporation (KT&G) management has succeeded in defending itself from activist fund investors' demands at its annual shareholders' meeting earlier this week. The tobacco company's shareholders voted down all proposals suggested by activist funds, except their agenda item calling for quarterly dividends.

South-korea , Daejeon , Taejon-gwangyoksi , Korea , National-pension-service , Korea-tobacco-ginseng-corporation , Human-resources-development-institute-in-daejeon , Baek-bok-in , Human-resources-development-institute , Ginseng-corporation , Capital-partner

KT&G to generate $25 billion in sales over next 15 years via partnership with Philip Morris

KT&G, Korea's largest cigarette and red ginseng maker, is expected to generate 31.5 trillion won ($25 billion) in sales abroad through 2037 via a recently renewed business partnership with Philip Morris International (PMI), according to the company and Hanwha Investment & Securities, Tuesday.

Boston , Massachusetts , United-states , Seoul , Soult-ukpyolsi , South-korea , Kazakhstan , America , Jacek-olczak , Kim-jae-heun , Conrad-hotel , Boston-consulting-group

KT&G partners with PMI to expand global e-cigarette business

KT&G has inked a 15-year deal with global tobacco company Philip Morris International (PMI) to expand its worldwide business for heat-not-burn products, the company said Monday. The two firms held the KT&G-PMI Global Collaboration event to sign a product supply contract for overseas sales of KT&G's “lil” series.

Italy , Seoul , Soult-ukpyolsi , South-korea , Japan , United-states , Greece , America , Jacek-olczak , Kim-jae-heun , Philp-morris-international , Conrad-hotel

KT&G aims to become global top-tier company

KT&G unveiled the group's goals to become a global top-tier company at the KT&G future vision proclamation ceremony held at KT&G Sangsang Planet in Seoul, Thursday. CEO Baek Bok-in unveiled the “2027 KT&G Vision,” focusing on three core businesses: next-generation products (NGP), dry food (health functional food) and the global conventional cigarette (CC).

China , Seoul , Soult-ukpyolsi , South-korea , Sangsang , South-korea-general- , Korea , Korea-ginseng-corp , Sangsang-planet , Kt-g , Ompany

KT&G launches new HNB 'lil AIBLE'

Local tobacco giant KT&G has introduced its new heat-not-burn (HNB) product, lil AIBLE, which has been developed with its own technology, the company said Wednesday. The new item's strength revolves around its capability to use three different types of tobacco stick with one device. It also adopted the previous model's essential functions such as automatic heating, a self-cleaning system and a maximum of three consecutive uses.

Seoul , Soult-ukpyolsi , South-korea , Philip-morris , Kim-jae-heun , Next-generation-product-business-headquarters , Kt-g , Il-aible , Nb , Obacco-product , E-cigarette ,